Page 3 - Ambuja Cement
Adani Group gets Sebi approval for $3.8 billion open offer for Ambuja, ACC
The group, led by Asia's richest person Gautam Adani, is set to make an offer to buy 26% of Ambuja Cements Ltd. for 385 rupees per share and the same stake for 2,300 rupees per share of ACC Ltd
 "Adani Group gets Sebi approval for $3.8 billion open offer for Ambuja, ACC")
Competition Commission approves Adani Group's acquisition of ACC, Ambuja
Permission given to Endeavour Trade and Investment, a SPV controlled by the Adani family
 "Competition Commission approves Adani Group's acquisition of ACC, Ambuja")
Top Headlines: RBI to push rates by 30-50 bps, task force for monkeypox
The Reserve Bank of India's MPC is likely to announce a repo rate hike of 35-50 basis points in its policy statement on August 5, a Business Standard poll showed
 "Top Headlines: RBI to push rates by 30-50 bps, task force for monkeypox")
Adani raises $5.25 bn from global banks to fund acquisition of Ambuja, ACC
The Adani family is acquiring Ambuja and ACC with a capacity of 70 mtpa at a total cost of $10.5 billion, including the open offers to be made to the minority shareholders of the companies
Stocks to Watch: RIL, HUL, ONGC, NTPC, Ambuja, HDFC Life, Grasim, Vedanta
Stocks to Watch Today: CEAT, Havells, IndusInd Bank, Mastek, OFSS, RIIL, Syngene International, Tata Communications and Wirpo to announce Q1 results on Wednesday.
 "Stocks to Watch: RIL, HUL, ONGC, NTPC, Ambuja, HDFC Life, Grasim, Vedanta")
Ambuja Cements Q1 net profit falls 14% to Rs 752 crore, sales up 15%
Consolidated net sales rose 15.1 per cent to Rs 7,943 crore in the April-June period versus the same period last year
 "Ambuja Cements Q1 net profit falls 14% to Rs 752 crore, sales up 15%")
Well begun, but US recession fears to hit Indian firms' foreign M&As
Bankers bullish on local acquisitions by India Inc in rest of FY23
 "Well begun, but US recession fears to hit Indian firms' foreign M&As")
Adani group firms' gross debt rises to Rs 2.2 trillion, shows data
This makes the Adani group one of the most indebted among India's top business groups
 "Adani group firms' gross debt rises to Rs 2.2 trillion, shows data")
UltraTech, JSW lost Ambuja race due to CCI concerns: Holcim CEO
The CEO said the smoothness of the execution of such a transaction was a major factor in taking the decision.
 "UltraTech, JSW lost Ambuja race due to CCI concerns: Holcim CEO")
TMS Ep173: Adani group, Ambuja Cement & ACC, return to office, CPI
How has Adani group charted its success over three decades? Is Ambuja Cement & ACC merger on the cards? How's India Inc making employees return to office? What is CPI-based inflation? All answers here
 "TMS Ep173: Adani group, Ambuja Cement & ACC, return to office, CPI")
Top headlines: Adani group's gross debt, EV fire incidents, and more
From Adani group's gross debt rising to EV fire incidents, here are the top headlines on Tuesday
 "Top headlines: Adani group's gross debt, EV fire incidents, and more")
How has Adani group charted its success over three decades?
The last two years have been eventful for Gautam Adani, when his wealth grew from $8.9 bn to $105 bn. Last week, he clinched a deal to acquire Ambuja and ACC cements. Let's track his growth story
 "How has Adani group charted its success over three decades?")
Is Ambuja Cement & ACC merger on the cards after Adani's Holcim deal?
Shares of ACC and Ambuja Cements soared up to 4% in yesterday's trade after the Holcim Adani deal. Analysts believe the Adani Group may merge both these entities over the medium term. Find out more
 "Is Ambuja Cement & ACC merger on the cards after Adani's Holcim deal?")
Adani-Holcim deal may trigger consolidation in cement industry: Experts
Expansion plans by most larger players despite glut in markets, fuel price-driven cost pressure and resistance from market to absorb higher cost may force weaker players out
 "Adani-Holcim deal may trigger consolidation in cement industry: Experts")
Ambuja-ACC deal: Cost synergies seem to justify premium deal valuation
But, whether players maintain discipline or turn aggressive on pricing as new capacities come on stream will be crucial
 "Ambuja-ACC deal: Cost synergies seem to justify premium deal valuation")
Indian lenders look to refinance Adani's stake acquisition in Ambuja, ACC
While there are curbs on banks for directly funding takeovers and acquisitions, banks will assess any room for funding via overseas branches and subsidiaries when exposure review is done
 "Indian lenders look to refinance Adani's stake acquisition in Ambuja, ACC")
No capital gains tax on Ambuja, ACC sale to Adani Group: Holcim CEO
India-Mauritius treaty allows tax exemption on such agreement, says Swiss company's CEO.
 "No capital gains tax on Ambuja, ACC sale to Adani Group: Holcim CEO")
ACC, Ambuja to ramp up capacity as Adani vies with UltraTech for top slot
Adani group aiming at 100 mn tonnes per annum combined, from present 70 mn tonnes; both firms to invest with own cash and fresh debt; ACC-Ambuja merger on cards
 "ACC, Ambuja to ramp up capacity as Adani vies with UltraTech for top slot")
Adani offers to buy 26% of Ambuja Cements, ACC from open market
Billionaire Gautam Adani is buying Switzerland-based Holcim AG's cement businesses in India for $10.5 billion
Adani group wins race to buy Ambuja Cements, ACC for $10.5 bn from Holcim
Group outbids Ultratech and JSW group to enter the industry and also emerge as the country's second-largest cement manufacturer
 "Adani group wins race to buy Ambuja Cements, ACC for $10.5 bn from Holcim")
